Verizon iPhone FAQ - $199.99 for the 16GB model, and $299.99 for the 32GB model, with a new 2 year agreement. iPhone 4 will also be available for purchase at full retail price - $649.99 for the 16GB model, and $749.99 for the 32GB model.
Wow, way to stick it to your customers. If they decide to trade in their very recently purchased phone, they get nothing back for that but a $200 visa card, IF they spend $649.99 for the iPhone?
Someone at Verizon better start rethinking this policy before their customers start thinking that paying a $250 termination fee ain't that bad...
The phone that you return will be re-sold as ‘used’ for a slight discount. If it was a ‘free’ phone with 2 yr contract, you will get $200 discount off an exorbitant phone and not really lose, except for overpaying for the new iPhone. If, like me, you paid a lot of money for your present phone, getting $200 off the full retail price of the iPhone is a very silly thing to do, imho... but ppl will be jumping at the chance to do it. I know ppl who are so thrilled to have the product available at Verizon, they did not stop to think of how they are getting fleeced. Especially since Verizon has done away with the 2yr upgrade.